Financial Instruments Rule May Challenge Banks
Image: Danièle Nouy, supervisory chief of the European Central Bank, spoke recently about a new accounting standard for financial instruments that may prove challenging to the banking sector. “The completion of this accounting standard as one of the responses to the financial crisis will bring major changes and challenges to ...
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ArticleFormer startup CEO gets 7 years in prison for $175M fraud against JPMorgan Chase
Charlie Javice, a former CEO who duped JPMorgan Chase into purchasing her start up company for $175 million, has been ordered to forfeit more than $22 million by the Department of Justice (DOJ) and to spend 7 years in jail.